Part 5/15:
A recurring theme across Elon’s recent posts is Tesla’s financial trajectory. He references an insightful chart from AJ showing that Tesla’s free cash flow turned positive only after nine years of operation, in stark contrast to other EV companies still struggling financially. AJ’s updated analysis reveals Tesla’s dominance as the only company consistently generating positive free cash flow while others, like Rivian, accrue significant cash burn—around $88 billion collectively.
Elon suggests similar risks are present in the emerging robo-taxi industry, which is becoming increasingly crowded and susceptible to the sunk cost fallacy. The pattern echoes what happened in the EV market—a cautionary note about sustainability and true profitability.